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Tag Archives Cattle

CME August 2021 feeder cattle (candlesticks) with 20-day moving average (dark red line) and August 2021 live cattle (pink line, left column). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle down, feeders up with corn

CME lean hog futures down

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures extended losses on Friday on long liquidation that also dragged down corn futures, analysts said. It was the second consecutive day that cattle futures followed declines in the Chicago Board of Trade corn market, which has retreated from eight-year highs reached last week. “Cattle got […] Read more
CME June 2021 live cattle (candlesticks) with Bollinger (20,2) bands and June 2021 lean hogs (pink high/low/close). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle futures fall on long liquidation

Lean hogs down with pork export sales data

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Chicago | Reuters — U.S. live cattle futures fell 2.5 per cent on Thursday, following broad declines in grain and livestock markets that analysts attributed to fund-driven long liquidation and technical selling after recent highs. “It seems it was a risk-off day all across the board… It was more of a technical move and just […] Read more
CME June 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (brown, dark red and black lines) and June 2021 lean hogs (pink high-low-close). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle futures end mixed

Feeder cattle rise as corn prices falter

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Chicago | Reuters — U.S. live cattle futures closed mixed on Wednesday, with the benchmark June contract easing in a light round of profit-taking while robust beef prices continued to underpin the market, traders said. Chicago Mercantile Exchange June live cattle futures settled down 0.025 cent at 118.6 cents/lb., retreating after a climb to 119.425 […] Read more
File photo of cattle grazing on Prince Edward Island. (ArodPEI/iStock/Getty Images)
Forages, Livestock, Pasture

Eastern drought zones set for livestock tax deferrals

Regions designated in P.E.I., N.S., N.B., Quebec

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In a decision that may have come late for some, New Brunswick, Prince Edward Island and parts of southeastern Quebec and northwestern Nova Scotia have been declared drought zones for eligible livestock producers’ 2020 tax purposes. The federal government on Monday released its list and map of prescribed drought regions where tax deferral on sales […] Read more
CME June 2021 live cattle (candlesticks) with 20- and 100-day moving averages (brown, black lines) and June 2021 lean hogs (pink line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle extend rally as beef prices climb

June hogs down third straight day

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Tuesday for a fifth straight session, led by high-flying wholesale beef prices, analysts said. Feeder cattle futures also advanced but gains were muted as corn futures rallied, signaling higher costs to bring cattle up to market-ready weight. CME June live cattle futures settled […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Stronger fed cattle prices underpin feeder complex

Limited feed and forage hinder further upside

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Alberta packers were buying fed cattle on a dressed basis in the range of $265-$270 delivered this past week, up $3-$5 from seven days earlier. Live prices were quoted at $159-$162 delivered using a 60 per cent grading. If the feedlot operator booked their feed grains earlier in winter, live prices are $2-$3 above breakeven […] Read more
CME June 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown, black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle gain as demand remains strong

Lean hogs down for second session

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures gained on Monday as cattle processing picked up, led by strong beef prices, while feed cattle gained on tight supplies and a lower corn trade, analysts said. CME June live cattle futures added 2.2 cents to 118.225 cents/lb., while August feeder cattle futures finished 4.425 cents […] Read more
(Lovelyshot/iStock/Getty Images)
Livestock, Markets, Reuters

U.S. livestock: CME cattle futures up on beef prices, demand

June hogs down off recent rallies

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures rose on Friday on strong beef prices and demand for red meat that also catapulted margins for beef processors. Meat demand is high as federal stimulus checks have increased incomes and prompted consumers to spend more at supermarkets and restaurants, analysts said. COVID-19 vaccinations are also […] Read more
CME June 2021 live cattle (candlesticks) with June 2021 lean hogs (dark red line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle, hog futures rise with wholesale meat prices

Easing restrictions prompt more dining out

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Chicago | Reuters — Chicago Mercantile Exchange lean hog and live cattle futures climbed on Thursday as U.S. wholesale prices increased. Pork and beef are in high demand in supermarkets and restaurants as the distribution of federal stimulus checks has prompted consumers to spend more on food, analysts said. COVID-19 vaccinations and easing restrictions on […] Read more
CME June 2021 lean hogs (candlesticks) with 20-day moving average (pink line) and June 2021 live cattle (dark red line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hogs rally again on pork prices, supply woes

June live cattle rise to even with June hogs

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures extended a sharp rally on Wednesday, touching contract highs for the fourth consecutive day on limited supplies and strong pork prices. U.S. pork demand is strong as sales have benefited after households received additional COVID-19 pandemic relief money from the federal government, analysts said. The […] Read more

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